First Bancorp (FBNC) Projected to Post Quarterly Earnings on Wednesday

First Bancorp (NASDAQ:FBNC - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.78 per share and revenue of $105.81 million for the quarter.

First Bancorp (NASDAQ:FBNC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.04. First Bancorp had a net margin of 14.19% and a return on equity of 8.04%. On average, analysts expect First Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

First Bancorp Stock Performance

NASDAQ FBNC traded up $0.30 on Friday, hitting $37.12. The stock had a trading volume of 207,666 shares, compared to its average volume of 180,340. The company's 50-day moving average is $39.84 and its two-hundred day moving average is $42.88. First Bancorp has a one year low of $29.53 and a one year high of $50.34. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 20.17 and a beta of 0.89. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.06.

First Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend is Monday, March 31st. First Bancorp's dividend payout ratio (DPR) is 47.83%.

Analysts Set New Price Targets

A number of brokerages have issued reports on FBNC. Stephens assumed coverage on First Bancorp in a research report on Wednesday, March 26th. They set an "overweight" rating and a $48.00 price target for the company. Janney Montgomery Scott downgraded shares of First Bancorp from a "buy" rating to a "neutral" rating in a report on Friday, February 7th.

First Bancorp Company Profile

First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses. The company accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts.